The Globe and Mail reports in its Friday, March 13, edition that Desjardins Securities analyst Bryce Adams commenced coverage of Halifax-based Axo Copper, which is focused on copper and gold assets in Mexico, with a "buy" recommendation and a $2 share target, representing 135-per-cent upside from current trading levels. The Globe's David Leeder writes in the Eye On Equities column that Mr. Adams says in a note: "Axo Copper recently closed its acquisition of the past-producing San Antonio gold project in Sonora, Mexico. Axo Copper also owns the La Huerta copper exploration property in Jalisco, Mexico. We expect a name change in the near term and for Axo Copper's focus to be on the low-capex restart of San Antonio. In our view, successful permitting updates and exploration drilling are medium-term value drivers." The Globe reported on March 3 that Stifel analyst Cole McGill had initiated coverage on Axo Copper with a "buy" ranking and a $2 share target. Axo Copper shares were then going for 97 cents.